Several weeks ago, publicly traded cryptocurrency mining company Hive Blockchain (HIVE) that trades on the TSX V passed the $1 billion in market value. However, the milestone was first achieved back in 2017. However, with Bitcoin rising more than 200% in 2020, Hive shares rallied over 2,500%.
A couple of weeks ago, Hive announced that they purchased over 6,000 bitcoin mining machines from Canaan (CAN). Once Hive takes delivery Hive will have an estimated operating hashrate of 1,229 petahash per second (PH/s), putting the company on track to top its 2021 goal of 1,000 PH/s.
Frank Holmes, chairman of Hive Blockchain, the only crypto mining company producing both Ethereum and Bitcoin talks about hit target for Ethereum.
In the video Frank talks about why the pending Ethereum futures is a good thing, and Ethereum is really the silver to Bitcoin because of it many use cases. James talked about defi on Ethereum and how fast it growing. For example, James talked how JP Morgan came up with a stable coin and more big financial institutions are coming up with their own crypto stable coin.
James also talked about how institutions are buying up shares in his company and using his companies’ shares as a proxy to Bitcoin.
Video Source:
https://www.youtube.com/channel/UCVgL_VeHteGecp5nn0NRztQ
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Thats how i got my exposure to Bitcoin and Eth. Lucky i held it all this time.
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Good stuff @tbnfl4sun.
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It is a win win situation.
The name Hive is everywhere.
They are trading at $2.20 before opening bell
In my area even a restaurant is named Hive.
So nobody really owns this name.
!BEER
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Yeah, I remember when Hive broke off from Steem, some were saying the name of the blockchain was going to be an issue, I guess not.
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BEER.I briefly mentioned Hive Technologies in this video on Ethereum 2.0. There are some positives and negatives of the company and their actions have been fascinating, especially considering that Ethereum is moving to POS. Still, consider that about a year ago, the company was below $0.10, so it could be a good player if the company manages itself well in the future. Unfortunately, most companies don't, so Hive Technologies is a very risky company.
Yeah, it has had an amazing ride, I think the insiders are selling, which doesn't give me much confidence in the company.
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Wasn't there a lawsuit between them and us when we first split off and took the name? I wonder what ever happened with that. It always throws me for a bit when I see news about Hive and then I realize it is them.
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@bozz, it's great question, I heard that as well, now sure what the end result was.
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Thank you for the video!
I am invested since april 2019. It was my first Tenbagger.
I wrote about it on my blo:
https://hatoto.de/mein-erster-tenbagger-hive-blockchain-technologies/
https://peakd.com/hive-167922/@hatoto/mein-erster-tenbagger-hive-blockchain-technologies
NNNNNNIIIIIIIICCCCCCCCCEEEEEEEEEE!!!!!!!!!
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Check out the last post from @hivebuzz:
Yea I've been tracking Hive since around $0.30 but didnt buy because I figured I would be better off just holding ETH smh. I really should have taken into consideration they were 1 of the 1st publicly traded ETH-focused mining companies. Still a lot of upside there IMO
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You can't go wrong holding ETH, which I think is the better move vs. owning shares in the co.
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the rise of eth sure boosted up hive and leo as well!
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LEO to the MMMMMOOOOOOOOOOOOOOOOOOOOOOOOOOOONNNNNNNNN!!!!!!
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It seems we are doomed to continually give our blockchains unoriginal/difficult to market names!
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